Notes to SEFA
Title: Basis of Presentation
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: CAPWI has elected not to use the 10% de minimis cost rate allowed under Uniform Guidance.
The accompanying schedule of expenditures of federal awards (the “Schedule”) includes the federal grant activity of Community Action Program, Inc. of Western Indiana (CAPWI) under programs of the federal government for the year ended December 31, 2023. The information in this schedule is presented in accordance with the requirements of the Uniform Guidance. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Because the schedule presents only a selected portion of the operations of CAPWI, it is not intended to and does not present the financial position, changes in net assets or cash flows of CAPWI.
Title: Energy Assistance Payments
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: CAPWI has elected not to use the 10% de minimis cost rate allowed under Uniform Guidance.
Energy Assistance Payments expenditures under assistance listing number 93.568 include $1,873,709 of energy assistance payments that were disbursed by the Indiana Housing and Community Development Authority on behalf of CAPWI during the year ended December 31, 2023.
Title: USDA Community Facilities Loan
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: CAPWI has elected not to use the 10% de minimis cost rate allowed under Uniform Guidance.
CAPWI obtained a USDA Communities Facilities Loan in September 2003 in the amount of $282,000. The loan bears an interest rate of 4.25% per annum and requires monthly payments of $1,224. The loan matures in September 2043.
Title: Subrecipients
Accounting Policies: Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Negative amounts shown on the Schedule represent adjustments or credits made in the normal course of business to amounts reported as expenditures in prior years. Pass-through entity identifying numbers are presented where available.
De Minimis Rate Used: N
Rate Explanation: CAPWI has elected not to use the 10% de minimis cost rate allowed under Uniform Guidance.
CAPWI provided no federal awards to subrecipients.